509 Park, Fredericksburg, Texas

$975,000
Active
509 Park, Fredericksburg, Texas
509 Park, Fredericksburg, Texas
509 Park, Fredericksburg, Texas
Contact Agent
Call Email

Property Details

MLS ID: 8082770
Status: Active
Price: $975,000
Acres: 2.31±
Type: Fourplex, Residential
Address: 509 Park
City, State: Fredericksburg, TX
County: Gillespie County
ZIP Code: 78624
Parcel Number: 509 Park
SqFt: 2,400
Year Built: 2000

Description

Looking for a prime investment in Texas wine country? With an estimated cap rate of 7% and growth potential- These two duplexes in Fredericksburg, TX, built in 2000, and situated on over 2 acres, with gated entrance, offer an incredible investment opportunity. All four units are approximately 1,100 sq ft, 2bed /1 bath and are currently rented with three tenants on new one-year leases starting 9/1, 10/15, and 11/1, and the fourth tenant is on a month-to-month basis. This flexible setup allows for potential owner occupancy with a simple 30-day notice to the month-to-month tenant. The current rental income totals $6,910 per month or $82,920 annually, with rents at $1,800, $1,695, $1,695, and $1,720. With low property taxes of just $10,000 per year and tenants covering their own utilities, this property offers a strong cap rate. Whether you're an investor seeking a solid return or a buyer looking for a flexible living arrangement, this is a prime opportunity. Contact us today for financing options and to schedule a tour!

Directions: From E Main St, Turn South onto South State Hwy 16, then turn Right onto West Park St. Go towards dead end.

Justin Witt

Justin Witt

Capitol Ranch Real Estate, LLC

Ask Justin a Question

  • This field is for validation purposes and should be left unchanged.

Get Financing

# Payment Interest Principle Balance

Contact An Agent

Justin Witt
Capitol Ranch Real Estate, LLC
Ask Justin About This Property
  • This field is for validation purposes and should be left unchanged.

All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of November 23, 2024 at 12:00:00 PM UTC. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services 7 infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@realstack.com. The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

© 2024 Austin Board of REALTORS® Based on information submitted to the MLS GRID as of November 23, 2024 at 12:00:00 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listed By: Michelle Adams of Austin Investment & Relocation Property Group - (512) 574-2969